Which of the Following Is the Best Definition of Cross-Rate

question 259

Multiple Choice

Which of the following is the best definition of cross-rate.

• A) Money deposited in a financial centre outside of the country whose currency is involved.
• B) International bonds issued in multiple countries but denominated in a single currency (usually the issuer's currency).
• C) Banks that make loans and accept deposits in foreign currencies.
• D) The implicit exchange rate between two currencies (usually non-U.S.) quoted in some third currency (usually the U.S. dollar).
• E) Second borrower in currency swap. Counterparty borrows funds in currency desired by principal.

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